Paper Solutions Green Solutions
Stora Enso has announced that it has signed a letter of intent to divest the Kvarnsveden site in Sweden to Northvolt.
Due to structural decline in demand for graphical paper, in April 2021 Stora Enso announced a plan to close the Kvarnsveden paper production site.
Founded in 1900, Kvarnsveden produced pulp and paper for over 120 years until production ended in September 2021.
Northvolt is a European supplier of sustainable battery cells and will develop the site into a battery manufacturing plant, reusing and refurbishing the existing facilities and site infrastructure.
‘Sustainability is the main priority for Stora Enso, and this also has to be addressed in difficult times. Hence, a key focus since our decision to close the site has been to find a new owner that can continue the long and sustainability driven legacy at Kvarnsveden, to the benefit of the local society. Like Stora Enso, Northvolt delivers modern and innovative solutions that contribute to a climate friendly future. Through this agreement, Kvarnsveden will become a foundation for continued growth, both for Northvolt and the city of Borlänge,’ said Per Lyrvall, Sweden country manager at Stora Enso.
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